Overview
What is Drumright Memorial Hospital Foundation?
Drumright Memorial Hospital Foundation is a nonprofit organization situated in Drumright, Oklahoma. Its primary mission is to preserve and strengthen a local hospital and medical clinic, ensuring they continue to provide essential healthcare services to the community, which predominantly comprises low-income residents. The foundation has successfully handed over the operations of the hospital and clinic to a financially stable operator, ensuring the delivery of quality healthcare continues. Its purpose is to own, maintain, and support these healthcare facilities, contributing to the wellbeing of the ill and infirm in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Drumright Memorial Hospital Foundation has received a low rating of 52%, indicating significant room for improvement in accountability and financial transparency. The organization does have strengths, such as having a fully independent board and maintaining no material diversion of assets. However, the absence of key financial documentation, including financial statements and policies on conflict of interest, whistleblower protection, and document retention, severely impacts its score.
While the foundation does excel in its program expense ratio, indicating that all expenses are directed towards its programs, it suffers from a lack of transparency, as evidenced by its missing financial documents and website disclosures. This lack of accessible information can raise concerns among potential donors regarding the overall governance and financial health of the organization. Addressing these deficiencies could lead to a significant improvement in its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Drumright Memorial Hospital Foundation legitimate?
Drumright Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drumright Memorial Hospital Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Drumright Memorial Hospital Foundation?
The Drumright Memorial Hospital Foundation's mission is centered around owning, maintaining, and supporting a community hospital and medical clinic. This endeavor aims to assist in providing care for the sick and infirm, while also promoting the overall health of the community. The foundation has taken on a significant role, rescuing a hospital from receivership and transforming it into a rural health medical clinic. They have further ensured the provision of quality healthcare services to the community, which is predominantly low-income residents, by leasing and operating the facilities with a financially stable operator.
Who is the CEO of Drumright Memorial Hospital Foundation?
Deborah Bright is the Trustee of Drumright Memorial Hospital Foundation.
What is the revenue of Drumright Memorial Hospital Foundation?
Drumright Memorial Hospital Foundation's revenue in 2022 was $729,524.
Who are the executives of Drumright Memorial Hospital Foundation and what are their salaries?
There 10 volunteers at Drumright Memorial Hospital Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Drumright Memorial Hospital Foundation?
Drumright Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drumright Memorial Hospital Foundation
The Drumright Memorial Hospital Foundation is dedicated to overseeing and enhancing a community hospital and medical clinic, with the primary objective of aiding in the care of sick and injured individuals. By assuming this role, the foundation aims to promote the overall health and well-being of the community it serves. In a critical situation, the foundation rescued a hospital and rural healthcare medical clinic from financial distress, subsequently contracting with a financially stable operator to lease and manage the facilities. Through this partnership, the foundation has successfully maintained the provision of quality healthcare services to a predominantly low-income community.
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Impact
July, 2024
Drumright Memorial Hospital Foundation has had a significant impact in Drumright, OK by rescuing a hospital and rural health medical clinic from receivership. Through their efforts, they have contracted with a financially stable operator to lease and operate the facilities, ensuring the provision of quality healthcare for the community, which consists largely of low-income residents. Their mission to own, maintain, and support a community hospital and medical clinic has not only cared for the sick and infirm but also promoted the overall health of the community. This philanthropic initiative has revitalized healthcare services in the area, making a positive impact on the lives of many residents.
This information is meant to be a general summary of Drumright Memorial Hospital Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,024
- Gross Receipts: $729,524
Assets and Liabilities:
- Total Assets: $9,978,981
- Total Liabilities: $7,324,888
- Net Assets: $2,654,093
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Organization Details
Founding Year
1961
Principal Officer
Deborah Bright
Main Address
PO BOX 31, DRUMRIGHT, OK, 74030
NTEE Category
Code: T30 - Philanthropy
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